U.S. consumer borrowing rose by $14.8 billion in December, including a big rebound in credit-card debt during the holidays after a drop in November, according to a monthly report from the Federal Reserve released Friday (Feb. 6). Get the Full Story Complete the form to...
Just hours after Anthem, the second-largest U.S. health insurer, announced it had suffered a massive security breach, the largest Lloyd’s of London insurer said cyber attacks are now too big for private insurance companies to handle, according to the Financial Times. Get the Full Story...
Cash-back shopping service BigCrumbs.com will be offline for as long as three weeks after discovering that some of its members’ accounts had been compromised — even though the site itself doesn’t appear to have been breached, ECommerceBytes reported. Get the Full Story Complete the form...
Dubbed a “Neflix for Clothing,” personalized women’s clothing rental company Le Tote has reportedly raised $8.8 million in Series A funding from various venture capital firms, according to TechCrunch. The fundraising round was led by Azure Capital Partners with backing by Lerer Hippeau Ventures, Simon Venture Group,...
Ant Financial, an affiliate of the Alibaba Group, announced Feb. 5 that it will take a 25 percent stake in Indian mobile payments company One97, according to TechCrunch. This move appears to line up with Jack Ma’s vision of getting Alibaba more involved in India, which...
Shazam, a four-decade old financial services company, released a new feature yesterday (Feb. 5) to its Shazam Bolts app that gives debit card users access to person-to-person money transfers, as well as a GPS function that enables U.S. cardholders to find fee-free ATMs. Get the Full Story...
It has been theorized by industry analysts that Apple Pay’s big breakthrough may when Apple Pay is introduced into the new Apple Watch. When that happens, Apple Pay will take off due to the ease of tapping a watch compared to whipping out one’s phone....
Dubbed the Google of Russia, Yandex has recently tried to expand its core search business into other fields in a way similar to what Google has done outside of Russia. After acquiring a low-powered geo-mobile startup called KitLocate last March, and expanding its PayPal-like payment...
It might seem weird to think of the benefits of online shopping as more of a theory than a practice, especially when the advantages of having near-bottomless inventory and quick price comparisons are so clear, but according to new survey data from the IBM Institute...
